Business, 13.12.2019 18:31 King1Gates

Common stock balance sheet disclosure : the balance sheet caption for common stock is the following:

common stock, $5 par value, 2,330,000 shares authorized.
1,570,000 shares issued, 1,030,000 shares outstanding.

required:
a. calculate the dollar amount that will be presented opposite this caption.
b. calculate the total amount of a cash dividend of $0.18 per share.
c. what accounts for the difference between issued shares and outstanding shares?

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Common stock balance sheet disclosure : the balance sheet caption for common stock is the following...

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